KARACHI: Despite an ongoing global market downturn triggered by Trump’s reciprocal tariffs, the Pakistan Stock Exch­ange (PSX) extended its rally on Friday, initially benefiting from some positive domestic factors.

The PSX reached an all-time high of over 120,796 during intraday trading. However, it ultimately closed in the negative due to late profit-taking.

Topline Securities Ltd said despite pressure in regional and international markets, the benchmark KSE-100 index opened on a positive note and gained to make an intraday high of 1,859, up 1.56 per cent.

The brokerage observed that this optimism could be attributed to the overnight announcement of a reduction........

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